Timken India Ltd.

NSE: TIMKEN | BSE: 522113 | ISIN: INE325A01013 |Industry: Industrial Machinery
|Expensive Performer
1078.75 9.90 (0.93%)
NSE Oct 30, 2020 15:31 PM
Volume: 8,283
 

Timken India Ltd.    
22 Feb 2018
1078.75
0.93%
Karvy
Top line to grow owing to improved volumes: Despite a YoY revenue growth of 13.9%, EPS de-grew by 31.9% along with an EBITDA contraction of 229 bps due to higher material expenses and employee expenses. We see the margin contraction phenomenon as temporary. In view of the synergies from ABC Bearings Ltd's acquisition coupled with growing railways business, we expect the revenueto grow at ~ 12% CAGR during FY17- FY20E with an improved EBITDA margin of 16.3% by FY20E.
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Timken India Ltd.'s price crossed above SMA30 today
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